The Focus Growth portfolio seeks to capture equity mispricing opportunities in large cap stocks. Hengfu uses computer algorithms to measure relative valuations according to many growth factors. The Focus Growth portfolio is long only; it does not use margin or trade leveraged or inverse ETFs.

Research

Hengfu seeks to find stocks with strong earnings and sales growth, favorable p/e/g ratios, high operating margins, low debt-to-equity, consistent free cash and relative price strength. Hengfu’s computer algorithm-based strategy attempts to take advantage of stocks that may be mispriced. It seeks to buy the stocks that his research suggests are undervalued and sell the ones that he considers to be overvalued.

Approach

Manager Hengfu Hsu’s computer algorithm-based strategy attempts to take advantage of stocks that may be mispriced. It seeks to repeatedly buy the stocks that his research suggests are undervalued and sell the ones that are considered to be overvalued.

Allocation discipline

Individual stock weightings in the portfolio are calculated based on price appreciation potential.

Sell discipline

Positions are sold or reduced when stocks become more expensive relative to other stocks based on several growth factors. They then are replaced with stocks of cheaper valuations.

About Analytic Investment

Hengfu Hsu is the firm's founder and CEO. He has more than 15 years of investment experience and more than 20 years of software development expertise. Hengfu has built a set of proprietary computer algorithms to help him systematically manage Analytic’s fundamental investment strategies.

Our company’s approach seeks to eliminate emotion and bias from the investing process and to make decisions based on a disciplined process.

Important Information

Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.

All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-IBKR Asset Management performance information may include performance of non-IBKR Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IBKR Asset Management on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail IBKR Asset Management's trading rules, as a result, actual client returns will differ. IBKR Asset Management advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".

None of the performance information displayed on this page is based on the actual performance of any IBKR Asset Management client account investing in this portfolio. The performance in an IBKR Asset Management client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their IBKR Asset Management account and reviewing their customized dashboard.

All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by IBKR Asset Management, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.

The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither IBKR Asset Management nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.

Benchmark returns displayed have been calculated by IBKR Asset Management using daily adjusted close prices and include dividend income. More information here. For certain portfolios IBKR Asset Management uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.

All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of IBKR Asset Management has been provided by the Portfolio Manager. IBKR Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IBKR Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IBKR Asset Management, and are intended to serve as a general guide.

Not all transactions listed will appear in accounts due to IBKR Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.

This portfolio was launched on IBKR Asset Management on September 01, 2011.

The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.

The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.

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